Creation Foundation Inc

Analysis

Creation Foundation Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Creation Foundation Inc reported income of $13.7m and spending of $14.1m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.8m to $13.7m (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creation Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Phoenix Academy Inc ($13.7m), Norfolk Christian Schools ($13.7m) and Marin Horizon School Incorporated ($13.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 83% of the total. At year end it held assets of $13.0m against liabilities of $11.3m, net assets of $1.8m. It reported 284 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.